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2016-10-13 19:59:59

BANR

Banner Corp.

$43.57

-0.93 (-2.09%)

, FMER

FirstMerit

19:59

10/13/16

10/13

19:59

10/13/16

19:59

Banner Bank names Judy Steiner chief risk officer

Banner Corporation (BANR) announced that Judy Steiner has joined the company as executive VP and chief risk officer. In this role, Steiner is responsible for overseeing the company's risk and compliance functions as well as the Bank's interactions with industry regulators. She is also a member of the Bank's Executive Management Committee. Steiner is replacing Tyrone Bliss, current risk officer who previously announced his retirement effective later this month. Prior to joining Banner, Steiner spent 25 years with FirstMerit Corporation (FMER) in executive leadership positions including executive VP and chief risk officer, secretary, and general counsel.

Deutsche Bank analyst Matt O'Connor upgraded Huntington Bancshares to Buy saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. The analyst views industry-wide concerns surrounding consumer indirect auto lending as overblown and he raised his price target for Huntington shares to $11.50 from $10.50. Going into the Q3 results for U.S. banks, O'Connor likes JPMorgan (JPM) and Wells Fargo (WFC) and is cautious on Fifth Third (FITB).